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Leokris [45]
3 years ago
14

What is true about the payments with closed-end credit?

Business
1 answer:
denis-greek [22]3 years ago
8 0

Answer:

C)They remain the same until the credit is paid off.

Explanation:

In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.

The most common types of closed-end credit are mortgages and car loans.

For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.

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ruslelena [56]
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The present government has initiated the tax reforms such as relaxation of taxes on relaxing a property sales tax, and removal o
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= the IS curve shifts right and the

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Explanation:

= the IS curve shifts right and the

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